NIGERIA

The Presidency has alerted the public on the existence of a fake Twitter handle purportedly belonging to President Muhammadu Buhari. The President's Special Adviser on Media and Publicity, Mr Femi Adesina, who made this known in a statement issued ...Powered by WPeMatico

Minority shareholders of Seven-Up Bottling Company Plc on Thursday 11th January 2018 voted to sell their shares to the majority shareholder, Affelka S.A. for ₦21.4bn ($66.5 million).
At a Court-Ordered Meeting in Lagos, shareholders approved the scheme of arrangement for the buyout. With the transfer of 26.8% minority shares to Affelka, the firm’s ownership of Seven-Up increases to 100%.
The Scheme of Arrangement requires Affelka to pay minority shareholders of Seven-Up ₦125 Per Share for the remaining 171,542,574 million shares, a 22.6% premium to the last traded share price of the company on 9th January 2018, and a 27.6% premium to the price on 10th August 2017 which was the last business day prior to the date the initial proposal was received from Affelka.
Chairman, Seven-Up Bottling Co

Seven-Up Bottling Company Plc announced on Wednesday that Affelka S.A. (“Affelka”), the majority shareholder of the firm has raised its offer price to acquire the remaining shares of minority shareholders it does not already own at a cost of ₦21.4bn ($66.5 million)
In a note sent to the Nigerian Stock Exchange (NSE), the soft drinks company said that Affelka has revised its offer upwards to ₦125 per share, from ₦112.70 (One hundred and twelve naira and seventy kobo) for the 171,542,574 million shares held by minority shareholders.
The statement further said that the new proposed Scheme Consideration represents a 22.6% premium to the last traded share price of the company on 9th January 2018, and a 27.6% premium to the price on 10th August 2017 which was the last business day prior to the d

President Muhammadu Buhari has urged the Aare Ona Kakanfo-designate, Otunba Gani Adams, to use the office into which he is about to step for national unity. Adams will be installed on January 13, 2018 as the 15th Aare Ona Kakanfo of Yorubaland by ...Powered by WPeMatico

EVERY year, like clockwork, swathes of humanity go through the same routine. On December 26th and January 1st, as the fog of cheese, chocolate oranges and champagne lifts, remorse creeps in. Online searches for “get fit” and “lose weight” surge (see chart). Health clubs of all shapes and sizes stand ready to respond. “Intent typically takes seven to 14 days to turn into reality,” notes Humphrey Cobbold, chief executive of Pure Gym, Britain’s largest gym chain. So this week will be one of the busiest for the gym industry globally.There will be other ripple effects, too. According to recent data from...Continue readingPowered by WPeMatico

IT STARTED as a joke. Dogecoin was launched in 2013 as a bitcoin parody, using as its mascot a Japanese shiba inu dog, a popular internet meme. The crypto-currency was never really used, except for tipping online, and one of its founders has called it quits. But recently its price has soared: on January 7th the dollar value of all Dogecoins in circulation reached $2bn, a sign of how crazy crypto-currency markets have become. It is also a reminder that, for all the focus on bitcoin, it is no longer the only game in town. Its market capitalisation now amounts to only about one-third of the crypto-market (see chart).A new crypto-currency is born almost daily, often through an “initial coin offering” (ICO), a form of online crowdfunding. CoinMarketCap, a website, lists about 1,400 digital coin

A LITTLE over a year ago, Gulliver gave a downbeat assessment of the prospects for Turkey's aviation sector. Having enjoyed a decade of uninterrupted growth of more than 10% a year, Turkish Airlines, the country’s flag-carrier, was grounding aircraft and closing routes amid growing unrest at home and violence across its border with Syria. Concerns about regional security were also making life difficult in the United Arab Emirates (UAE) and Qatar, two other countries that have built aviation empires by connecting far-flung parts of the globe through their hub airports. Yet whereas the Gulf carriers remain in the doldrums, Turkish is gaining altitude again.There had been just cause for concern about Turkey at the end of 2016. The year unleashed a failed military coup, a resultant purge of di

The Federal High Court Abuja, on Friday, set aside its own judgment delivered on Dec. 13, 2017 which asked the Senate President to swear-in Mr Obiora Okonkwo as Senator representing Anambra Central Senatorial District. Justice John Tsoho, set asid ...Powered by WPeMatico

Seven governors, including Gov. Nasiru el-Rufa'i of Kaduna State, on Friday met with President Muhammadu Buhari at the Presidential Villa, Abuja, and reiterated the need for him to re-contest in the 2019 presidential election. El-Rufa'i, who sp ...Powered by WPeMatico

Gov. Nasiru el-Rufa'i of Kaduna state says Thursday's protests embarked upon by the Nigeria Labour Congress (NLC) in Kaduna State against the dismissal of thousands of workers will not change government's position on the matter. El-Rufa'i stated t ...Powered by WPeMatico